European Interbank Market definition

European Interbank Market means the European interbank market for Euro operating in Participating Member States.
Sample 1Sample 2Sample 3
European Interbank Market means the European interbank market for Euro operating in Participating Member States. Default.”
Sample 1
European Interbank Market means the interbank market for Euros operating in Participating Member States; “Event of Default” means any of the events listed in Clause 22.1; “Facility” means the amount of up to Thirteen million Three hundred thousand Euros (€13,300,000) to be made available in up to two (2) Tranches to the Borrowers by the Banks pursuant to the terms of Clauses 2 and 3 or if the context may so require so much thereof as shall for the time being be outstanding to the Banks hereunder; “Final Availability Date” means 30th October 2007 (or such later date as the Agent may agree with the authorisation of the Banks);
Sample 1

Examples of European Interbank Market in a sentence

  • European Interbank Market shall mean the European interbank market for Euro operating in Participating Member States.

  • Relevant Interbank Market shall mean in relation to Euro, the European Interbank Market, in relation to Australian Dollars, the Australian Financial Markets Association, and, in relation to any other currency, the London interbank market or other applicable offshore interbank market.

  • If such rate is not available, the arithmetic mean of the rates (rounded upwards to four decimal places) applied by banks with recognized international standing to leading banks in the European Interbank Market on the 1st of January and the 1st of July shall apply (provided that these shall be subject to any ceiling applicable under mandatory laws in force).

  • As a first step towards understanding the mechanisms of direct contagion, the ESRB has analysed the structure and resilience of the European Interbank Market (Alves et al., 2013).

  • In the event that the Agent cannot determine EURIBOR for a Term relative to an Advance denominated in Euro, the Reference Interest Rate for such Term shall be the interest rate reasonably determined by the Agent by calculating on the Interest Rate Determination Date the arithmetic mean (rounded up to 4 decimal places) of offers for deposits in Euro quoted to leading banks in the European Interbank Market and obtained at or about 11.00 a.m. Brussels time from the Reference Banks for such Term.

  • Relevant Interbank Market shall mean in relation to Euro, the European Interbank Market, and, in relation to any other currency, the London interbank market or other applicable offshore interbank market.

  • Any interest, commission or fee accruing under a Finance Document will accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days or, in any case where the practice in the European Interbank Market differs, in accordance with that market practice.

  • Alves, I., et al., The Structure and Resilience of the European Interbank Market, in Occasional Paper Series Nº 3/2013.

  • Any interest, commission or fee accruing under a Finance Document shall accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days or, in any case where the practice in the European Interbank Market differs, in accordance with that market practice.

  • To define this rate, the European Bank Federation (EBF) considers the interest rate verified in the European Interbank Market transactions by a se- lected group of banks (Rodriguez-Lopez et al., 2021) and calculates the average for different time horizons: a week, a month, and 3, 6 and 12 months.

Related to European Interbank Market

  • Relevant Interbank Market means in relation to euro, the European interbank market and, in relation to any other currency, the London interbank market.

  • London Interbank Offered Rate has the meaning set forth in Section 2.07(b).

  • Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • Interbank Rate means, for any period, (i) in respect of Loans denominated in Dollars, the Federal Funds Rate, and (ii) in respect of Loans denominated in any other currency, the Administrative Agent’s cost of funds for such period.

  • Index Currency means USD.

  • London Stock Exchange means London Stock Exchange plc;

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Designated LIBOR Currency means the currency or composite currency specified on the face hereof as to which LIBOR shall be calculated. If no such currency or composite currency is specified on the face hereof, the Designated LIBOR Currency shall be United States dollars.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • the London Stock Exchange means London Stock Exchange plc;

  • Eurozone means the region comprised of member states of the European Union that adopt the single currency in accordance with the Treaty establishing the European Community, as amended;

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Australian Dollar means the lawful currency of Australia.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Canadian Dollar means the lawful currency of Canada.

  • Japanese Yen means the lawful currency of Japan.

  • Hong Kong Dollar means the lawful currency of Hong Kong.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • British Pounds Sterling means the lawful currency of Great Britain.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Reference Currency means the currency specified as such in the applicable Final Terms.